Qapita, a Singapore-essentially based entirely entirely fintech that offers capitalization desk and employee stock possession plans (ESOP) administration system, has raised $5 million in pre-Sequence A funding. The round was once led by MassMutual Ventures, sms lån på minuttet participation from Endiya Partners and angel merchants including Avaana Capital founder Anjali Bansal and Udaan co-founder Sujeet Kumar.
Vulcan Capital and East Ventures, which led Qapita’s seed round in September 2020, additionally returned for this funding, alongside sms lån på minuttet most of its angel merchants, including Koh Boon Hwee, Atin Kukreja, Alto Partners, Mission Holdings, Northstar Personnel Partners and K3 Ventures. East Ventures co-founder and managing accomplice Willson Cuaca will be part of Qapita’s board.
Qapita currently serves customers in Indonesia, Singapore and India, specializing in startups. Its system platform helps non-public corporations digitize and arrange cap tables, perform due diligence and discipline equity to workers. Qapita was once essentially based in 2019 by Ravi Ravulaparthi, Lakshman Gupta and Vamsee Mohan, and has since grown its crew to 30 individuals.
Its aim is to make extra liquidity and re-investment sms lån på minuttetin the Indian and Southeast Asian startup ecosystems by making it much less difficult to discipline equity. Qapita currently serves bigger than 100 corporations, and its original funding will be passe to add extra aspects and strike partnerships sms lån på minuttet service companies adore ethical, accounting and company secretarial corporations.
In a press dispute, MassMutual Ventures managing director Anvesh Ramineni said, “Globally, we are witnessing trends that time to a convergence between public and non-public markets. Qapita is enabling this sms lån på minuttetin the set aside thru their solution – from cap desk and stakeholder administration to digital part issuances and liquidity solutions. We think the crew has the if truth be told handy combination of ride, working out of regional markets and product expertise to occupy on their vision.”